Phoenix New Media Limited (NYSE:FENG) Short Interest Down 11.0% in August

Phoenix New Media Limited (NYSE:FENG) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 70,400 shares, a decrease of 11.0% from the August 15th total of 79,100 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 26,700 shares, the short-interest ratio is currently 2.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Phoenix New Media in a report on Wednesday, September 11th. They issued a “hold” rating on the stock.

Phoenix New Media Stock Up 1.7 %

Shares of Phoenix New Media stock traded up $0.05 during trading on Tuesday, reaching $3.07. The company had a trading volume of 4,896 shares, compared to its average volume of 54,423. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.86 and a current ratio of 2.86. Phoenix New Media has a fifty-two week low of $1.10 and a fifty-two week high of $4.15. The firm’s fifty day moving average is $3.26 and its 200-day moving average is $2.52. The company has a market cap of $37.11 million, a price-to-earnings ratio of -3.63 and a beta of 0.75.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings data on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $23.16 million for the quarter. Phoenix New Media had a negative net margin of 6.60% and a negative return on equity of 3.95%.

Phoenix New Media Company Profile

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates through two segments, Net Advertising Services and Paid Services. It offers content and services through PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.